Question

find the sum of money which will amount to 27783 in 3 years at 5% per annum the interest being compounded annually

Answer 1

Hey
Here's your answer!

let the principal or the sum of money be x
Amount = 27783
Time = 3 years.
Rate = 5%

So ATQ,
x(1+ 5/100)^3 = 27783
=> x (1 + 1/20)^3 = 27783
=> x (21/20)^3 = 27783
=> x * 9261/8000 = 27783
=> x = 27783*8000/9261
=> x = 3 * 8000
=> x = 24000.
So the sum of money that was originally lent out was Rs. 24000/-

☆☆Hope it helps☆☆

Answer 2

Answer:

Step-by-step explanation:

Hope it helps u..